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???2024??2024????????????,???????332???????????????????(??,?????),Non-GAAP??30??????????????????????2024????,??1084????????????,Non-GAAP?????????90????????

???????2024???,??????7.7?????????,????,?????????????????2025?????????????????4??11?,????????????2.40?????0.48?????

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2024?????????????????GMV??2093?,??????

2024???????,????????????????????GMV(??????????????)???0.6%??????????????????????????2093????????,??????,?????????GMV????????????2%,??????GMV??????75%,?????????

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???????????,???????????????200??????????????????�?????�??????????????,??,????

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????2024??1500??????,??????????Acne Studios?Toteme??????,??????????????????OTB(ONLY THE BRAVE)???????,?????,??????????????????????

?????????????????,2024????,????????????,???????????

2024?????????????????????,?�????????????????�?????,??,????????????????????????,???????????,?????????

???????,SVIP?????16%

??????VIP????(SVIP)?????????????????V????????????9.5??????????????????????V??????????????????????????,2024??????????????????????????,????????????????????SVIP??,????????V??????????,???SVIP??????????

?????????,???2024????????,SVIP????????16%?????????????????????880?????,?????49%?

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?,????,?????,????????????,????????80?????,???????????????2700???????,???????????58,000???????????

??2024??,??7.68??,??????????????????????????????????,??????????,??????27.7??,??